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Gold-Silver Rate Today In India: Changes in the prices of gold and silver are being seen in the international market amid tensions in West Asia. Diplomatic efforts between America and Iran have had a direct impact on the Indian bullion market. The demand for precious metals as a safe investment is increasing rapidly. The attention of investors is focused on the new prices of MCX and spot market.

Due to global influence, there has been a change in the prices of both the precious metals today. The domestic market remains volatile due to festive demand and international trends. The position of the rupee against the dollar and the softening of crude oil are giving direction to the market. Due to these reasons, a jump has been recorded in the futures and spot prices of gold and silver.

latest gold price

On Multi Commodity Exchange (MCX), the futures price of 24 carat gold opened with a rise of 1.07 percent i.e. Rs 1512. After this surge, gold has now reached the level of Rs 1,42,900 per 10 grams. It had closed at Rs 1,41,388 on the last trading day. The price of spot gold in the international market has increased to $ 4,124.00 per ounce.

new price of silver

Like gold, a rising trend in the prices of silver has also been seen in the market. Silver futures on MCX opened today with an increase of 0.01 percent i.e. Rs 21. With this the price of silver has reached Rs 2,23,800 per kg. Silver remains strong at $ 60.14 an ounce in the international spot market.

Gold rates in major cities

There is a huge movement in the price of 24 carat gold in many cities of India today. In the capital Delhi, Noida, Ghaziabad and Lucknow, the price of 10 grams of gold is Rs 1,44,370. Its price in the bullion market of Mumbai and Kolkata is Rs 1,44,220 per 10 grams. The price of gold in Chennai is Rs 1,43,470 and in Patna it is Rs 1,44,270 per 10 grams.

Opinion of market experts

According to experts, gold has received support from the reduced tension between America and Iran. HDFC Securities senior analyst Saumil Gandhi said that the fall in crude oil has strengthened the bullion market. Gaurav Garg of Lemon Markets also believes that energy costs have come down due to reduction in tension. Strong spot demand from China is also providing support.